In recent years, there have been more and more comments about foreign companies wanting to “leave” China. This situation has also attracted the attention of the people of our country. Now everyone is discussing whether a large number of foreign companies will leave our country? Once a large number of foreign companies leave our country, what impact will it have on our manufacturing industry? Many people have even begun to Are you worried that my country’s title of “World Factory” will be affected by this? After all, there are countries such as India and Vietnam that have been “eyeing” and want to “replace” the status and influence of my country’s manufacturing industry in the world. In recent years, these countries have also been “stealing business” with our country.
In fact, although my country’s manufacturing industry is not at the “top level” in the world, the influence of my country’s manufacturing industry in the world is still very huge. After all, the title of “World Factory” is not just talk.
People who know our country’s manufacturing industry may know that our country’s manufacturing industry has developed in the past few decades. Developed over time. Around the 1980s, my country relied on the “demographic dividend” and other preferential policies to attract foreign-invested companies to build factories in China.
After these companies established factories in China, they not only provided a large number of jobs for our country, but also provided a good foundation for the development of our country’s manufacturing industry. At that time, our country’s manufacturing industry was in the “primary stage of development” with a low technical level and could only process some low-end industries. To put it bluntly, it was “coolie work”.
However, even under such difficult conditions, it has not stopped our country from developing its manufacturing industry. At that time, when foreign-funded enterprises came to build factories in our country, they also brought some advanced manufacturing technologies, and our manufacturing industry also developed. After decades of hard work, my country’s manufacturing industry has now completed a “qualitative change” and has become an important part of the international “industrial chain.”
Today, my country’s manufacturing industry has achieved huge improvements in terms of technology, employees, and equipment. China’s manufacturing industry has also gained recognition from many countries around the world due to its good “cost-effectiveness”. It is not difficult to find that “Chinese manufacturing” can be seen in supermarkets and stores in many countries around the world. This is the influence and “status” of our country’s manufacturing industry in the world.
Is it true or false that a large number of companies have “left” China?
In fact, with the continuous development of our country’s economy, our country’s labor force Costs are also rising. For companies that have come to China to build factories before, their profits will also be affected by the increase in labor costs. In particular, some companies engaged in low-end manufacturing will choose to leave China and go to countries such as India and Vietnam where labor is cheaper to “maintain” their profits.
This is also the reason why some people say that a large number of companies are “leaving” China in recent years. However, the departure of these low-end manufacturing industries from our country is also our country’s “demand”. After all, our country wants to achieve the “transformation” of its manufacturing industry. Our country has also stated many times that it will achieve “Chinese manufacturing” to create changes in China.
Coupled with the rise of my country’s local brands and my country’s strict factory management, some foreign-funded companies have no choice but to leave. Don’t fall into misunderstandings. Companies leaving China may not necessarily be leaving on their own, but may be because they “cannot stay” in our country.
Companies such as Apple have publicly stated that they “cannot live without” China and are unwilling to return to the United States to build factories. After all, staying in China can save these companies a lot of costs.
It is true that foreign-funded companies are leaving China, but it is not as serious as everyone thinks. Our country’s manufacturing capabilities are not as “fragile” as everyone imagines. It is not that easy for countries such as Vietnam to “replace” my country’s manufacturing industry, so you don’t need to worry too much.
Is Vietnam’s manufacturing industry really so “magical”?
It is a good thing to be prepared, but it cannot be overdone. The “mythical” opponent demeans oneself. Vietnam has developed very rapidly in recent years, but it would be too “exaggerated” to say that it can surpass China in manufacturing in a short period of time. After decades of development and hard work in my country’s manufacturing industry, if Vietnam wants to surpass it, it cannot just rely on words.
It can be said that the development of Vietnam’s manufacturing industry today has the “shadow” of China’s past. Vietnam is also “imitating” China and relying on its “demographic dividend” to attract foreign-invested companies to build factories. But relying on this alone, the development of Vietnam’s manufacturing industry is still “limited”.
According to relevant statistics, Vietnam has relied on “demographic dividend” and various preferential policies in recent years, mainly attracting traditional manufacturing industries and low-end processing plants. The proportion of these has reached about 60%, which shows that the “technical content” of Vietnam’s manufacturing industry is not high.
And our country’s low-end manufacturing industry is now on the verge of “elimination”. As mentioned above,Many companies that “cannot stay” in China choose to go to countries such as Vietnam.
Also, our country can attract a large number of companies to build factories and even “reluctant” to leave, not only through manufacturing. Our country’s perfect infrastructure and convenient transportation are also important reasons for attracting enterprises.
Although Vietnam has rich port resources, it is conducive to the transportation of goods. However, its infrastructure is not perfect. Under such circumstances, the development of Vietnam’s manufacturing industry is “restricted everywhere.” Vietnam only knows that it cannot develop manufacturing and retain enterprises simply by relying on low-cost labor.
Because Vietnam’s economy has been developing rapidly in recent years, its labor costs have also been rising rapidly. Labor costs in Vietnam used to be low, but this is no longer the case. With Vietnam’s labor costs rising rapidly, many companies have said they “can’t bear it.”
And the technical level and work efficiency of its employees are not as good as Chinese workers. Many companies that built factories in Vietnam chose to “give up” after the “one-year tour” and closed their factories in Vietnam. Some choose to return to China, while others choose to go to other countries.
When we “pay attention” to competition from other countries, we must also be confident in ourselves. The capabilities and “resilience” of my country’s manufacturing industry are still very strong.
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